Question: According to ‘the Economic and Social Survey of Asia and the Pacific 2017’ India’s GDP for 2017 is forecasted at…
(a) 7.1
(b) 7.5
(c) 7.9
(d) 8.0
Ans: (a)
Related Fact :
- On May 01, 2017, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) in its flagship report ‘The Economic and Social Survey of Asia and the Pacific 2017’ forecasted that India is projected to be stable at 7.1 per cent in 2017 before edging up to 7.5 per cent in 2018.
- Inflation is projected to reach 5.3-5.5 per cent in 2017 and 2018, which is somewhat above the official target of 4.5-5 per cent.
- The report noted that a key downside risk for India was heightened financial sector risks related to the concentration of bad loans in public sector banks.
- Launching the survey in Bangkok, ESCAP Executive Secretary Shamshad Akhtar emphasised that better governance for effective mobilisation and use of fiscal resources is critical to advancing the 2030 Agenda for Sustainable Development.